Morningstar teams up with Wall Street firms to open private markets to retail investors

Morningstar’s wealth division has partnered with Apollo Global Management, Franklin Templeton, and J.P. Morgan Asset Management to launch a portfolio suite giving retail investors exposure to both private and public markets. The move broadens access to private assets for individual investors and underscores continued demand for diversified multi-asset products. The announcement is constructive for the firms involved but is unlikely to move markets materially.

Analysis

Morningstar’s wealth division has partnered with Apollo Global Management, Franklin Templeton, and J.P. Morgan Asset Management to launch a portfolio suite giving retail investors exposure to both private and public markets. The move broadens access to private assets for individual investors and underscores continued demand for diversified multi-asset products. The announcement is constructive for the firms involved but is unlikely to move markets materially.